In Bulgaria, the focus is mainly on engineering and the development of machine learning algorithms, whereas headquarters are in the US, where most of the business strategizing, marketing, and sales take place. HyperScience plans to use the capital to grow its team between New York and Sofia, where the whole development unit is located. This new round brings the total amount of investments to over 50M. And not least the trust of investors like Stripes Group, FirstMark Ventures, and QBE Insurance Group.īetween Sofia, New York, and London, Hyperscience has grown to about 300 employees in recent years. Stripes Group the New York based privately held equity fund, lead the round. With this offering, Hyperscience managed to quickly gain prominent clients from financial services, government, insurance, and healthcare sectors. Partner Stripes Group Board Member Hello Doctor Ltd. Headquartered in New York City, New York, HyperScience is an artificial intelligence company specializing in the automation of office work for companies and government organizations. The company started with a simple idea – to automatically extract essential information from previously non-machine-readable documents, and structures that data into a format that can be used by any enterprise system, something for which enterprises spend around $60b. Engineering Software New York, United States 400 Employees. With the new funding, Hyperscience, which has 145 employees in offices in New York, Sofia, Bulgaria and London, has now raised 111 million from investors including Tiger Global, Stripes Group, FirstMark, Felicis Ventures and now Bessemer. By combining data, people, and processes into digital. Our human-centered approach to automation enables a new era of human and machine collaboration that delivers dramatically improved organizational agility, without the legacy cost and burden of change management. Hyperscience was founded in 2014 in Sofia by serial entrepreneur Peter Brodsky and the Bulgarian engineers Krasimir Marinov and Vladimir Tzankov, who had worked together at Soundcloud. Hyperscience is transforming the future of work to elevate human potential. The team attributes a 10-fold increase in platform usage over the last year, leading to a doubled employee base, to the appeal of this approach. The Henry Royce Institute will be a world-leading centre for advanced materials research and commercialisation. We’ve created a new class of software that deliberately divides work between people and machines based on the needs of the task,” CEO Peter Brodsky says. He was also involved with successfully realized investments in Flatiron Health, MyWebGrocer, Craftsy, eMarketer, Netbiscuits, Folica and SilverSky. ***US-Bulgarian Hyperscience Raises $60M Series C In Attempt To Become A Global Leader In Enterprise Automation+++ He is currently most actively involved with Stripes Group partners Sift Science, SPINS, Remitly, Udemy, GoFundMe, Kareo, Upwork and Art.com. Hyperscience, a US-based scaleup that was originally founded in Bulgaria, has made it into Forbes’ latest list of America’s 50 most promising AI companies.Īccording to Forbes’ data, the New York City-headquartered document processing scaleup is currently valued at $730m, and has received funding worth $190m so far.
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